Draw Number 58 of Rs.7500 prize bond will be held on Friday May, 02 2014 at Hyderabad and Draw Number 5 of Rs.25000 will held on same day at Muzafarabad * Draw schedule 2014 for prize bond draw in Pakistan wii be available at schedule page
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Profit Rates on various National Savings Schemes shall remain unchanged for the next quarter April-June, 2014, till further revision.
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THANKS FOR THE NATION. Historical Achievement of CDNS
''A Strong Precedent for Developing Countries''
National Savings has witnessed first time in the history of CDNS a positive cash flow of PKR 117 Billion
(Total Investment of 1014.9 Billion-Repayments of PKR 629.9 Billion = Net Investment of PKR 385 Billion - Debt Servicing of PKR 268 Billion = Cash Flow of PKR 117 Billion) during fiscal year 2012-13, this has obviously lessened the Fiscal Pressure on Government of Pakistan. Cost Effectiveness of National Savings can be witnessed from Monitory Policy prepared by the State Bank of Pakistan wherein Debt servicing cost on National Savings has been reduced by 16.2% despite 15% increase in Portfolio during last fiscal year 2012-13, on the contrary Debt servicing in PIBs and T-Bills has been increased by 44.1% and 39.4% respectively with almost same portfolio increase as observed in National Savings.
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Exemption of deduction of Withholding tax has been withdrawn w.e.f 01-07-2013 on profit of investment upto Rs.150,000/- in Defence Savings Certificates, Special Savings Certificates/Accounts, Savings Accounts, Short Term Savings Certificates and National Savings Bonds.
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The rate of withholding tax on prize money shall be 15% for the prizes won on or after 01-07-2013
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Investment from Abroad
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